Jan 25, 2023 | For Buyers, For Sellers, Foreclosures, Housing Market Updates
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the
stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s
happening today. Here’s a deeper look.
Jan 24, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to
experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at
CoreLogic,
shares:
Jan 19, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
One of the first steps in your
homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what
pre-approval is and what it does for you.
Business Insider explains:
Jan 18, 2023 | For Buyers, For Sellers, Housing Market Updates, Pricing
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about
home prices may leave you with more questions than answers.
News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the
crash in 2008.
Jan 17, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
Last year, the
Federal Reserve took action to try to bring down inflation. In response to those efforts,
mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7%
last October. Hopeful
buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.
